“The expo’s main attraction in terms of AI tech is the “Cloud Shelf”, which provides retailers with the capabilities to stock virtual products on their shelves that are available to order online, creating a truly omnichannel shopping experience.” https://www.powerretail.com.au/pureplay/alibaba-ecommerce-expo/
Tag: Alibaba
AI-related investments will grow by about 300 percent
“According to Martechtoday, Ocado reportedly planned to spend £175 million ($232 million) for its robotics and automation system this year, Amazon committed $5 billion in its tech investments in India alone, and Alibaba is looking into pouring $15 billion into research and development spending over the next three years. Forrester Research (PDF) predicts that AI-related…
How e-commerce giants are using AI and marketing (Part 1) – Daniel Faggella
Image credit: MarTechToday.com How e-commerce giants are using AI and marketing (Part 1) – DanielFaggella “If Amazon’s latest earnings are any indication, product recommendations powered by AI also have been successful. The company reported a third-quarter sales increase of 34 percent to $43.7 billion. The recommendation system is integrated into every aspect of the purchasing…
$25B for Alibaba in just one day
Image credit: nytimes.com Alibaba, the pre-eminent Chinese eCommerce company, has just set another new record. With their recent announcement of a $15B investment on artificial intelligence this is just the beginning. Alibaba’s Singles Day Sales Hit New Record of $25.3 Billion “This year’s shopping festival entered new territory, blazing past $1 billion within two minutes of…
Alibaba AI Helps Mobile Engagement
Alibaba AI Helps Mobile Engagement “It now has 529 million users, up by 22 million more people. The use of AI has improved not only the content provided by Alibaba, but also in how people search for products. The secret to this is really simple. AI has made product search more precise. This is done…